vicinspectorate.vic.gov.au

Audit and Risk Committee

The Audit and Risk Committee meets at least 4 times each year and reviews the Victorian Inspectorate’s financial performance and procedures as well as general risk management.

The Audit and Risk Committee consists of the following members:

  • Terry Moran AC, Chair
  • Taryn Rulton
  • Joh Kirby

The main responsibilities of the committee:

  • Review and report independently to the Inspector on the financial statements published in the annual report and other financial information of the Victorian Inspectorate.
  • Assist the Inspector in reviewing the effectiveness of the Victorian Inspectorate’s internal control environment covering:
    • effectiveness and efficiency of operations
    • reliability of financial reporting
    • compliance with applicable laws and regulations.    
  • Determine the scope of the internal audit function and ensure its resources are adequate and used effectively, including coordination with external auditors.
  • Maintain effective communication with external auditors.
  • Consider recommendations made by internal and external auditors and review the implementation of actions to resolve issues raised.
  • Oversee the effective operation of the risk management framework.

Reviewed 26 April 2021

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